China's inflation hits 1.5 percent in December


(MENAFN) Chinese inflation rebounded marginally in December, but economists warned of deflationary threats and called for more monetary stimulus to boost slowing growth, Arab News reported.

The consumer price index (CPI) rose 1.5 percent year-on-year in December, the National Bureau of Statistics announced, marking an increase from a five-year low of 1.4 percent in November.

But for full year 2014, consumer inflation was 2.0 percent, the bureau said, down from 2.6 percent in 2013 and well below the government's target of about 3.5 percent.

The 3.3 percent year-on-year fall was larger than the 3.1 percent median forecast in a Bloomberg News survey, and the biggest since September 2012. The last PPI increase was in January 2012.


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